NEW YORK - MF Global Inc. (MFGI), an affiliate of bankrupt MF Global Holdings Ltd. (MFGH) that dealt with money invested by individuals, on Jan. 10 filed a stipulation with creditor Tradeweb Markets LLC and all of its affiliates under which MFGI would allow general unsecured claims valued at $4,333,738...

WILMINGTON, Del. - Bankrupt AFA Investment Inc., the maker of the "pink slime" that is added to some ground beef, on Jan.10 moved in the U.S. Bankruptcy Court for the District of Delaware for authority to settle claim controversies (In Re: AFA Investment Inc., No. 12-011127, Chapter 11, D....

DETROIT - The governor of Michigan and the state treasurer filed a joint brief in the U.S. Bankruptcy Court for the Eastern District of Michigan on Jan. 10 arguing that the Bankruptcy Court should deny relief from the automatic stay in the Chapter 9 bankruptcy of the City of Detroit to a group of plaintiffs...

NEW YORK - The trustee in the Chapter 11 bankruptcy case of the Eastman Kodak Co. on Jan. 14 filed 15 adversary complaints against creditors seeking to recover a total of $4,534,994.90, all of which the trustee says constitute fraudulent conveyances (In Re: Eastman Kodak Company, No. 12-10202, Chapter...

NEW YORK - Longtime U.S. Bankruptcy Judge Burton R. Lifland of the Southern District of New York, who presided over several landmark cases, including Johns-Manville Corp.'s asbestos bankruptcy and the liquidation of the Bernard L. Madoff Investment Securities LLC estate following Madoff's Ponzi...

ST. LOUIS - The Eighth Circuit U.S. Court of Appeals on Jan. 13 affirmed a bankruptcy court's ruling that a debtor was not entitled to claim a homestead exemption for his property because he no longer lived there and had no intention of moving back (William Paul Jr. v. Forrest C. Allred $(In Re:...

SACRAMENTO, Calif. - The Roman Catholic Bishop of Stockton, Calif., the official name of the Diocese of Stockton, on Jan. 15 filed for Chapter 11 bankruptcy, citing debts ranging from $10 million to $50 million related to paying victims of sexual abuse by priests (In Re: The Roman Catholic Bishop of...

WILMINGTON, Del. - The adult entertainment company that produces material carrying the name "Penthouse" on Jan. 13 filed a brief in the U.S. Bankruptcy Court for the District of Delaware contending that claims asserted against its bankruptcy estate by its former financial adviser for $3,430...

NEW YORK - The federal bankruptcy judge presiding over the Chapter 11 case of Pulp Finish 1 Co., formerly the Journal Register Co. (JRC), denied a creditor's motion to reconsider the order confirming the company's reorganization and denied the creditor's contention that the company's...

LOS ANGELES - The trustee in the Chapter 11 bankruptcy case of GGW Brands LLC, the parent of the adult entertainment company that produces videos carrying the name "Girls Gone Wild," on Jan. 16 filed a status report in which he says he is pursuing a "prompt" asset sale process in...

DETROIT - A group of creditors in the Chapter 9 bankruptcy of the City of Detroit, which includes the union representing city employees and retirees, on Jan. 16 filed a brief objecting to the city's opposition to a motion filed by a group seeking to assess the art collection at the Detroit Institute...

NEW YORK - The liquidating trust for Residential Capital LLC (ResCap) on Jan. 15 moved in the U.S. Bankruptcy Court for the Southern District of New York for an order approving a settlement agreement among ResCap's bankrupt affiliate, Residential Funding Co. LLC (RFC) and CTX Mortgage Co., Pulte...

BOSTON - A divided panel of the First Circuit U.S. Court of Appeals on Jan. 16 ruled that two property developers had a secured interest in the real property of a bankrupt timeshare, over objections raised by the bank that financed the project (ScotiaBank de Puerto Rico v. Joseph Burgos $(In Re: The...

WILMINGTON, Del. - A creditor in the Chapter 15 bankruptcy of Irish Bank Resolution Corp. Ltd. (IBRC) on Jan. 20 filed a brief in the U.S. Bankruptcy Court for the District of Delaware objecting to the sale of certain bank assets on grounds that IBRC owes it $27 million and that the motion to sell assets...

RICHMOND, Va. - A panel of the Fourth Circuit U.S. Court of Appeals on Jan. 17 reversed a district court ruling that held that a debtor owed $631,050.52 in restitution related to his bankruptcy fraud, concluding that the government failed to show the debtor's lack of truthfulness in his bankruptcy...

DETROIT - The union representing the employees of the bankrupt City of Detroit on Jan. 20 filed a brief in the adversary proceeding filed by the Official Committee of Retirees of the City of Detroit against the city, arguing that the emergency manager put in charge of the city's bankruptcy lacks...

NEW YORK - A federal judge in New York on Jan. 17 issued a brief order denying Jon S. Corzine's motion for dismissal of the securities lawsuit filed against him for his role in the Chapter 11 bankruptcy of MF Global Holdings Ltd. (MFGH), finding his objection to be "without merit" (Joseph...

NEW YORK - A potential stalking horse bidder in the Chapter 11 bankruptcy of Lightsquared Inc. on Jan. 21 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York objecting to the Ad Hoc Secured Group of Lightsquared LP Lenders' (Ad Hoc Group) contention that the bidder was...

WASHINGTON, D.C. - A group of insurance companies and financial institutions on Jan. 22 filed a brief in the U.S. Supreme Court arguing that it should not grant certiorari to an unsecured creditors committee that contends that 11 U.S. Code Section 546(e) permits it to recover transfers made by a debtor...

DETROIT - The federal bankruptcy judge presiding over the Chapter 9 case of the City of Detroit on Jan. 22 issued a one-page order denying a motion by some of the city's creditors who sought the appointment of a committee to assess the value of the art collection at the Detroit Institute of Arts...

NEW YORK - The trustee in the liquidation of MF Global Inc. (MFGI), the customer investment affiliate of MF Global Holdings Ltd (MFGH), on Jan. 23 moved in the U.S. Bankruptcy Court for the Southern District of New York for an order allowing general creditor claims for 33 investment brokers for the total...

PHILADELPHIA - A split panel of the Third Circuit U.S. Court of Appeals on Jan. 24 affirmed a ruling that the claims of personal injury plaintiffs against a debtor company belonged to the bankruptcy estate (In re: Emoral Inc., No. 13-1467, Chapter 11, 3rd Cir.).